Perfect set up of cocoa 16/04. After it touched resitance at 10800 cocoa withna really strong uptrend and overbought market calms down and left us with a start of the week bleeding. The bloodbath will continue till 2-3 days more where it could touch level 0,236 of fib, if we see a floor on that price we could go back to levels of 0 of fib or we could go more and more down to levels of 0,618 (even though seems less probable with the uptrend strong market).
Not financial advise
Not financial advise